ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Polymarket Perps−0.337%7-day average −0.008% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days+0.334%+$33 · spread now −0.337%, 7d avg −0.008%

Together, before fees+0.322%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.329% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ETH-USD	2,733.7	0.0100	pay 0.0013% / 1h	18m 04s	$11.2M	$9.5M	50x
Short	Variational Omni ETH	2,724.5	0.0100	get 0.0100% / 8h	2h 18m	$133.3M	$327.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now −0.337%Rate

Funding earned: $0
Price spread: −0.337% → −0.008%: −$32.87
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$40.87
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 6 min ago	0.18 bp	5.2 bp −$5	6.3 bp −$63	13.7 bp −$1,370	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	0.51 bp	doesn't fit	0.5 bp −$5	1.4 bp −$143	doesn't fit

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl ETH	−0.0447%	43m	2,732	−0.064%	$281K	$5.7M	8.3x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,732.5	−0.044%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,732.5	−0.042%	$12.0M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,725.4	−0.304%	$815K	$3.0M	25x	as long as short
HTX ETH-USDT	−0.0004%	8h	2,732.6	−0.041%	$1.05B	$1.22B	200x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,732.7	−0.035%	$33.0M	—	200x	as long as short
dYdX ETH-USD	+0.0007%	1h	2,732.3	−0.052%	$10.4M	$42.6M	50x	as long as short
Injective ETH/USDC PERP	+0.0009%	1h	2,717.1	−0.607%	$117K	$22.5M	52x	as long as short
BingX ETH-USDT	+0.0035%	8h	2,731.8	−0.069%	—	$1.12B	—	as long as short
01 Exchange ETHUSD	+0.0040%	1h	2,731.6	−0.077%	$190K	$841K	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHUSDT	+0.0042%	8h	2,730.7	−0.108%	$2.35B	$4.41B	150x	as long as short
KuCoin ETHUSDTM	+0.0077%	8h	2,732.3	−0.053%	$374.9M	$577.9M	100x	as long as short
SunX ETH-USDT	+0.0077%	8h	2,731.8	−0.070%	$958K	$11.1M	100x	as long as short
Bullet ETH-USD	+0.0078%	1h	2,732.4	−0.048%	$181K	$1.7M	20x	as long as short
Aftermath Perps ETHUSD	+0.0088%	1h	2,725.6	−0.295%	$30K	$20K	20x	as long as short
Phemex ETHUSDT	+0.0088%	8h	2,732.8	−0.031%	$263.4M	$65.0M	150x	as long as short
Aster ETHUSDT	+0.0089%	8h	2,731.2	−0.090%	$252.6M	$846.1M	200x	as long as short
MEXC ETH_USDT	+0.0093%	8h	2,732.2	−0.053%	$1.54B	$2.60B	500x	as long as short
Binance ETHUSDT	+0.0096%	8h	2,731.4	−0.083%	$6.34B	$16.12B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,733.3	−0.015%	$112.5M	$435.5M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,734.2	+0.018%	$23.5M	$104.0M	50x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,730.5	−0.117%	$4.9M	$155K	20x	as long as short
OKX ETH-USDT-SWAP	+0.0097%	8h	2,731.1	−0.097%	$1.66B	$10.87B	100x	as long as short
ApeX Omni ETHUSDT	+0.0100%	1h	2,720.3	−0.489%	$8.6M	$31.4M	100x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,731.2	−0.091%	$504K	$3.5M	50x	as long as short
Paradex ETH-USD-PERP	+0.0100%	8h	2,734.8	+0.041%	$15.2M	$8.0M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,732.3	−0.052%	$14.1M	$105.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,734.1	+0.014%	$3.10B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,731.8	−0.068%	$32.0M	$333.8M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,730.5	−0.117%	$2.7M	$16.7M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,731.8	−0.071%	$1.5M	$16.2M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,722.5	−0.410%	$160.0M	$319.3M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,731.8	−0.069%	$3.29B	$9.04B	200x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,732	−0.064%	$2.09B	$2.79B	150x	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,731.8	−0.070%	$15.0M	$42.2M	50x	as long as short
Variational Omni ETHshort	+0.0100%	8h	2,724.5	−0.337%	$133.3M	$327.5M	—
edgeX ETHUSDC	+0.0100%	4h	2,725.3	−0.306%	$184.6M	$678.3M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,720.5	−0.484%	$158.2M	$86.9M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,728.8	−0.179%	$21.0M	$70.0M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,733.1	−0.023%	—	$875K	50x	as long as short
Polymarket Perps ETH-USDlong	+0.0100%	1h	2,733.7	long leg	$11.2M	$9.5M	50x
Bluefin ETH-PERP	+0.0100%	1h	2,732.7	−0.036%	$22K	$21K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,734.4	+0.024%	$41.0M	$30.2M	15x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,732.7	−0.037%	$54.4M	$187.7M	40x	as long as short
Extended ETH-USD	+0.0104%	1h	2,732.1	−0.059%	$30.4M	$74.2M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0104% / S +0.0048%	1h	2,732.7	−0.036%	—	$31.3M	500x	as long as short
Coinbase International ETH-PERP-INTX	+0.0104%	1h	2,734.1	+0.013%	$49.8M	$4.32B	50x	as long as short
RISEx ETH/USDC	+0.0108%	1h	2,731.9	−0.064%	$5.6M	$11.8M	25x	as long as short
Kalshi KXETHPERP	+0.0148%	8h	2,732	−0.062%	$7.0M	$692.3M	4.9x	as long as short
Deribit ETH-PERPETUAL	+0.0163%	1h	2,734.1	+0.013%	$259.3M	$207.8M	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0176%	1h	2,733.5	−0.007%	$83.3M	$311.4M	100x	as long as short
Orderly PERP_ETH_USDC	+0.0188%	8h	2,735.1	+0.049%	$32.2M	$11.6M	100x	as long as short
Reya ETHRUSDPERP	+0.0199%	1h	2,731.7	−0.074%	$7.3M	$1.3M	25x	as long as short
Hibachi ETH/USDT-P	+0.0272%	1h	2,729.6	−0.152%	$249K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0376%	8h	2,731	−0.098%	$281.5M	$174.8M	150x	as long as short